Korea Times Finance Reporter
Lee Hyo-jin covers the Bank of Korea, the banking industry and broader financial news. Her previous beats include foreign affairs, North Korea and general reporting on Korean society.
The Air Force had three decisive chances to correct errors that could have prevented last week's accidental airstrike on a civilian area, but all were missed, according to a preliminary probe report on the incident released on Monday.
GYEONGJU, North Gyeongsang Province — The upcoming Asia-Pacific Economic Cooperation (APEC) summit in Korea will serve as a platform for “honest conversation” among member economies amid global trade uncertainties, according to Eduardo Pedrosa, executive director of the APEC Secretariat.
GYEONGJU, North Gyeongsang Province — Korea’s preparations to host the APEC summit later this year are progressing smoothly despite the country’s ongoing political turmoil, Yoon Seong-mee, chair of the 2025 APEC Senior Officials' Meeting (SOM), said Sunday.
A Seoul court on Friday granted President Yoon Suk Yeol's request to have his arrest warrant revoked, paving the way for his release from detention. Yoon had been arrested in January on insurrection charges related to his brief imposition of martial law in December.
An unprecedented bombing mistake involving an Air Force fighter jet has prompted the South Korean and U.S. militaries to suspend live-fire drills, raising concerns that it could impact the upcoming Freedom Shield joint exercise, which is designed to strengthen the combined deterrence of the allies against North Korean threats.
South Korea and the United States will begin their annual joint Freedom Shield military exercises starting Monday, the first to happen under U.S. President Donald Trump's second term.
Talks on transferring wartime operational control, also known as OPCON, from the United States to South Korea remain a key issue in the decades-long bilateral alliance, which has been marked by periods of progress and setbacks.
The government is expected to announce the preliminary results in late March of an investigation into hundreds of forced overseas adoptions, occurring mainly between the 1960s and the 1980s, following a yearslong probe into human rights violations in adoption processes.
Kim Soo-tae, a professor emeritus at Seoul National University Hospital who performed Korea’s first successful liver transplant, died Tuesday. He was 95.
An unprecedented shouting match between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the White House, which analysts argue highlights the U.S. leader’s tendency to abandon allies when he no longer perceives them as serving American interests, has raised concerns that South Korea might not be an exception.